The decision was formulated by the Carmel Rehabilitation Steering Committee headed by Eyal Gabai, director-General of the Prime Minister's Office.

These fund will be allotted in addition to NIS 130 million (approx. $38 million) set aside for the area's restoration immediately after the blaze.

The additional finds are to be use for reforestation, new infrastructure and municipal assistance to the communities affected by the fire.

Some NIS 55 million ($16 million) will be dedicated to rehabilitate the Carmel wildlife and forest, which suffered grave damage in the fire. This part of the plan will be overseen by the Environmental Protection Ministry and the Agriculture Ministry.

"These are not mere statements, these are actual steps taken on the ground in a swift and practical manner," Prime Minister Benjamin Netanyahu said.

"I thank all the offices which came together and collaborated in favor of this important goal."